According to a new report published by XResearch, titled, “Asia Pacific Accounting Software Market Insights, Trends, Opportunity & Forecast, 2023–2030,” the Asia Pacific accounting software market size is anticipated to witness moderate growth during the forecast period i.e., 2023-2030. The growing digital financial management solutions throughout various industries within the region. The want for streamlined accounting procedures, improved financial reporting, and compliance with evolving policies which are the major factors augmenting the growth of the Asia Pacific accounting software market. The Asia Pacific accounting software market is anticipated to grow at a high CAGR of 12.8% from 2023 to 2030. The market's revenue surged to $27.7 billion in 2022, and it is expected to further accelerate, reaching a notable $92.3 billion by 2030.

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Businesses are seeking to streamline their accounting operations, enhance data accuracy, and enhance financial reporting performance, are further expected to create ample growth opportunities for the Asia Pacific accounting software market during the forecast period i.e., 2023-2030. Moreover, the rising preference for cloud-based solutions, has propelled market expansion. The growing recognition on compliance and tax rules in the place, is expected to contribute towards the market growth during the period.
The China accounted for the largest share in the Asia Pacific accounting software market in 2022. The region is further projected to continue dominating in the market during the forecast period. This can be attributed to the nation’s robust economic growth and increasing digitalization in commercial enterprise techniques.
According to deployment model, the cloud-based accounting software segment accounted for the largest market share in the Asia Pacific accounting software market in 2022 and is further expected to continue with the trend during the forecast period i.e., 2023 – 2030.
The Asia Pacific accounting software market is segmented into component, type, deployment model, organization size, vertical and country. Based on component, the market is bifurcated into solution and services. Based on type, it is classified into commercial, enterprise, custom, spreadsheets. Based on deployment model, it is classified into on-premise, cloud. Based on organization size, it is classified into large enterprises, small & medium-sized enterprises (SMES). Based on vertical, it is classified into BFSI, manufacturing, government & public sector, telecom & it, media & entertainment, healthcare & life sciences, energy & utilities, retail & ecommerce, others.
The Asia Pacific accounting software market is analyzed across Country (China, Japan, India, South Korea, Singapore, Malaysia, Rest of Asia Pacific)
Key Insights of Asia Pacific Accounting Software Market
• On the basis of deployment model, the cloud-based accounting software segment accounted for the largest market share in the Asia Pacific accounting software market in 2022 and is further expected to continue with the trend during the forecast period i.e., 2023 – 2030.
• On the basis of region, China accounted for the largest share in the Asia Pacific accounting software market in 2022. The region is further projected to continue dominating in the market during the forecast period.
• On the basis of region, Japan is estimated to account for the second largest share in the market during the forecast period.
Some of the major Asia Pacific accounting software companies profiled in the report include SAP SE, Infor, Inc. (Koch Industries), Oracle Corporation, IBM Corporation, Zoho Corporation Pvt. Ltd., Epicor Software Corporation, Workday, Inc., Sage Group plc (Sage Intacct, Inc.), FreshBooks (2ndSite, Inc.), Kingdee International Software Group Co., Ltd.

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